Update Conference Call

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Aurania will host an update conference call on Monday, April 30, 2018 at 2:00pm Eastern Time to discuss the Company’s exploration program and results to date. If you wish to participate, please refer to the dial-in information below and provide the passcode ‘AURANIA’ when prompted by the operator.
Dial in number(s)          North American Toll:  1-857-600-3024
North American Toll-Free (Toronto):  1-416-800-1066

Aurania Finds a New Epithermal Target and Reports on Soil Sample Results From Crunchy Hill

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Aurania reports that reconnaissance exploration crews have found silica blocks indicative of an entirely new epithermal system, the “Charip” target, some 50 kilometres (30 miles) north of the Latorre area in its Lost Cities – Cutucu Project (the “Project”) in southeastern Ecuador.  In addition, the Company has received soil geochemistry results that refine the Crunchy Hill target and move it a step closer to drill-testing.

VICE News Tonight Article/Video About Aurania Now Available

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Aurania reports that the video documentary program from VICE News Tonight about Aurania’s Lost Cities – Cutucu Project is now available online via the following link: https://news.vice.com/en_us/article/d35kmj/meet-the-real-life-indiana-jones-hunting-for-gold-in-the-amazon . VICE News Tonight released an article entitled “Meet the real-life Indiana Jones hunting for gold in the Amazon” along with the video clip from their program which aired last week on the Home Box Office (“HBO”) channel. The program follows Aurania’s Chairman and CEO, Dr. Keith Barron and team through challenging conditions in the jungles and streams in their exploration of the Lost Cities – Cutucu project in southeastern Ecuador. See bonus footage of interviews with Aurania’s ‘reconnaissance exploration geologists’.

Soil Sampling and Provisional Analysis

Soil sampling and analysis

In this part of the exploration process we improve our knowledge of the geological environment around the target area by collecting soil samples at approx. 25m spacing for analysis with a special tool called an XRF Analyzer that measures the quantity of various components in the sample at an elemental level in minutes.

VICE News Tonight Program on HBO Includes Coverage of Aurania’s Lost Cities – Cutucu Project

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Aurania reports that extensive coverage was given to the Company in a documentary entitled “Ecuador’s Lost Cities of Gold” on a news program called “VICE News Tonight” on the Home Box Office (“HBO”) channel which aired last night, April 11, 2018. A team from VICE News Tonight made a ten-day site visit to the Company’s Lost Cities – Cutucu Project area in Ecuador in March and spent time filming with our crews in the field. The field visit to Aurania’s project area was funded by HBO and VICE News. HBO informs us that a link to the online version of this program will be made available in approximately one week, at which time the Company will press release the link.

Aurania Defines Specific Epithermal Target “Crunchy Hill” within The Latorre Area

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Aurania is pleased to report that the source of the “vuggy silica” blocks – a known indicator of epithermal gold-silver systems – has been found in the Latorre B area in the Lost Cities – Cutucu Project (the “Project”) in southeastern Ecuador. The target has been renamed “Crunchy Hill”. The Company is also pleased to report that further stream sediment sampling has approximately doubled the size of the Latorre A target.

Crunchy Hill Discovery

Stream sediment analysis

In an exciting turn Aurania Resources’ President, Dr. Richard Spencer, takes us through our on-the-ground discovery of ‘Crunchy Hill’, a zone with extremely interesting systems just below the lush forest floor of the Cordillera de Cutucu.

Aurania Renews Full Concession Package in Ecuador and Enters into US$2 Million Convertible Debenture with Chairman

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Aurania announces that the Company has renewed its full 2,080 square kilometre (“km2”) concession package in Ecuador based on the positive exploration results received to date. The Company will enter into a US$2.0 million unsecured convertible debenture with its Chairman and CEO, Dr. Keith Barron, to cover the concession renewal fees. Aurania’s board has determined that a convertible debenture with an exercise price higher than current market prices would be less dilutive to existing shareholders than a private placement at the current share price.